BC Real Estate Trading Services Licensing Exam Practice · Question
A buyer, Ms. Emily Chen, makes an offer on a detached home in Langley. Her licensee, David Lee, prepares the Contract of Purchase and Sale. Ms. Chen requires that a specific condition be included regarding pest inspection. David includes the clause but later realizes he made a clerical error, transposing two numbers in the legal description, which could lead to confusion. What is David's immediate obligation regarding this error after the offer has been presented but not yet accepted?
A licensee has an obligation to act in the best interests of their client and to ensure diligence in drafting contracts. Correcting the error promptly, transpar
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Question: A buyer, Ms. Emily Chen, makes an offer on a detached home in Langley. Her licensee, David Lee, prepares the Contract of Purchase and Sale. Ms. Chen requires that a specific condition be included regarding pest inspection. David includes the clause but later realizes he made a clerical error, transposing two numbers in the legal description, which could lead to confusion. What is David's immediate obligation regarding this error after the offer has been presented but not yet accepted?
Answer options: ✅ He must promptly inform Ms. Chen of the error and advise her to make an amendment to the offer.
- He should await the seller's response, as the seller’s licensee might catch the error.
- He must keep silent, as correcting it now could weaken Ms. Chen's negotiating position.
- He should correct the error on the document himself before it is accepted by the seller.
Correct answer: He must promptly inform Ms. Chen of the error and advise her to make an amendment to the offer.
Explanation: A licensee has an obligation to act in the best interests of their client and to ensure diligence in drafting contracts. Correcting the error promptly, transparently, and with the client's instruction prevents future legal complications, as per the BCFSA Rules.
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